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RealMacro
Feb 12, 2024 4:12 PM

OJ Is Sour - From An Erections Come Corrections Short

Frozen Concentrate Orange Juice A FuturesICEUS

Description

Commodities are a completely different kind of trading. They can get extremely violent and blow out people faster than you can blink!

In this chart, we can see an erection move (accelerating as it rises) which is always followed by a correction. The question then becomes where and when the correction occurs.

A topping M pattern is one such signal that gives us a clue a correction may be on the horizon.

Caution! is in order if you are long OJ.
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